Blog
Essential Year-End Tax Tips for Small Business Owners
Year-end is the perfect time for small business owners to review their tax strategies and take advantage of new opportunities that may reduce next year’s tax bill. A few timely steps can strengthen your financial position going into 2025. Read my blog, Year-End Tax Planning: What Every Business Owner Should Know, at LRSCPA.com.
Smart Tax Planning Steps Every Individual Should Take Before Year-End
Year-end is a great time to check in on your financial goals and make sure you’re keeping more of what you earn. New deductions, updated credits, charitable planning options, and digital asset rules all offer opportunities to lower your tax bill. Read my blog Smart Tax Planning Steps Every Individual Should Take Before Year-End at www.LRSCPA.com to learn what you need to consider before December 31 to reduce your taxes.
2025/2026 Year-End Tax Planning Guide
Our 2025/2026 Tax Planning Guide provides a series of the most ubiquitous tax measures, guidelines, and strategies available for your review. Tax planning is frequently defined as a process which analyzes personal or business income against potential tax deductions, and tax credits. Developing a thoughtful tax strategy contributes to the greatest amount of tax savings.
Honoring Veterans and Grateful for a Reopened Government: A Short Guide to Veteran Tax Benefits
This blog discusses tax benefits for veterans.
The RMD Reset: How to Keep More of What You’ve Earned
equired Minimum Distributions, or RMDs, might not sound like a major financial event, but once you reach your 70s, they become a central part of your income strategy. These required withdrawals determine how much money leaves your retirement accounts each year—and how much goes to taxes.
Start With the End in Mind: Building a Retirement Plan That Works for You
Retirement isn’t just a finish line—it’s the next phase of your life. Starting early gives contractors the flexibility, freedom, and financial security they deserve. In this blog, I share why treating your business like an asset and planning your exit with purpose is key to building a lasting legacy at LRSCPA.com.
Retirement Isn’t a Deadline
Retirement isn’t about walking away — it’s about stepping into a new chapter with purpose. For business owners, designing a retirement plan ensures your next phase reflects your goals, whether that means slowing down, staying involved, or starting something new. Read my blog to learn why retirement planning is less about deadlines and more about making informed choices at LRSCPAs.com.
IRS Releases Tax Inflation Adjustments for Tax Year 2026, Including OBBBA Amendments
The IRS has issued its annual inflation updates for 2026, impacting more than 60 tax provisions — including tax brackets, standard deductions, and key thresholds. Revenue Procedure 2025-32 also highlights provisions tied to the One Big Beautiful Bill Act (OBBBA). These changes could impact both individuals and businesses, making it a wise decision to plan ahead now.
Plan Ahead: New Jersey Minimum Wage Set to Rise in 2026
New Jersey’s minimum wage will climb to $15.92 an hour on January 1, 2026 — with increases for seasonal, small business, and tipped employees as well. Even though it’s only October, now is the time for employers to prepare for the impact. Early planning can help ensure a smooth transition and stronger financial outcomes.
Tax Provisions in the One Big Beautiful Bill Act
The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, represents one of the most comprehensive overhauls of federal tax incentives in recent history. Designed to reshape the landscape for clean energy, manufacturing, and economic growth, the legislation introduces sweeping changes to dozens of tax credits, eliminating some, modifying others, and adding new compliance requirements. For businesses across industries, understanding OBBBA’s impact is essential to maintaining eligibility, optimizing tax strategies, and planning for the years ahead.